Banks likely to build loan-loss provisions as economic uncertainty grows
The Bank of Canada said interest rates will need to rise further to reduce the highest inflation in decades
Rating agency affirms Big Six ratings, upgrades Scotia's outlook
Revenues were generally strong but earnings differed based on loan-loss reserves, Fitch said
Global wealth management earnings grew 9%
Big Six profits should get a lift from the BoC's inflation fight
But the banks say that climate-related shareholder proposals limit their options for achieving net-zero commitments
CEO's prepared remarks at the meeting included criticism of the proposed federal bank surtax, which is expected in Thursday's budget
Rising rates, margins seen supporting profits as credit conditions normalize
Banks' capital demands to decline by 3% on average with final rules, Fitch says